Solana’s mid-range trap – Here’s why SOL traders should stay cautious!

What: Solana's price has dropped by 30% in the past month, with SOL trading at around $**17.50**.
Why: The sell-off is attributed to a combination of factors, including market volatility and concerns over the network's scalability.
Signal: The current sell-off may not be over, with Bitcoin also at a decision point, potentially impacting SOL's price.
Target: Analysts predict a potential rebound to around $**20** if the market stabilizes and investor confidence returns.
Risk: Investors should exercise caution, as a further decline to $**15** is possible if the market continues to deteriorate.